Stagecoach's rail and bus units cruise higher
Transport group Stagecoach said current trading remains good and it expects to at least maintain operating profit levels in the year to 30 April 2013.
Transport group Stagecoach said current trading remains good and it expects to at least maintain operating profit levels in the year to 30 April 2013.
The group, which recently introduced it Megabus brand into Europe with services running from London, Paris, Amsterdam and Brussels from as little as £1 or €1, said like-for-like revenue at its UK Bus operations rose 2.7% in the forty eight weeks ended 1 April 2012. Its bus division carries over two million passengers each day on over 8,000 vehicles.
UK Rail (excluding tram businesses) saw 8.8% growth for the period while revenue at its North America business, including megabus.com, increased 14% in the eleven months ended 31 March 2012. Virgin Rail revenue climbed 7.9% in the forty eight weeks ended 1 April 2012.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Stagcoach said overall profitability has remained good and remains upbeat about future trading.
"We believe the prospects for the group remain positive and that each of the Group's wholly owned divisions remain well placed to at least," it said in a pre-close trading update.
CJ
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Landlords ordered to make rental properties more energy efficient by 2030
The government has said rental properties must have a minimum EPC rating of C by 2030. We explain how much it will cost landlords to upgrade their buy-to-let portfolio
By Marc Shoffman Published
-
Primark owner Associated British Foods is an overlooked gem going cheap — should you buy shares?
Associated British Foods, the owner of Primark, is a family-owned business, which means it is passed over by the increasingly popular passive investment funds. That spells opportunity for private investors, says Jamie Ward.
By Jamie Ward Published